"To increase the availability of wider range of micro-finance services for poor (predominantly rural) women and their use of those services through the process of expansion as well as consolidation of this micro-finance program and creation / facilitation of a sustainable community based Micro-Finance Institution within the year 2010"

Mission

• Bring recognition, legitimacy, respect and opportunity to the 100,000 of micro-entrepreneurs in the western Orissa region.
• Create a fair and level playing field for every micro-entrepreneur so that they do not need to be permanent dependent just because they do not qualify for the mainstream finance.
• Revive the root of banking, so that credit is once again based on trust and relationship and a persons wealth or poverty has no bearing on his/her credit-worthiness.
• Make a real and lasting psychological, social & financial impact on individuals; help build strong, cohesive communities; and generate substantial job opportunities and economic benefit for society as a whole.

Goal

• To provide financial assistance to the poor through a system that brings them under an organizational structure. This process also ensures the sustainability of the organisation in terms of operational self sufficiency.

Objectives

• To form and promote self help groups of the poor, women, needy, oppressed and to attain improvement in their socio-economic condition through economic activities.
• To give priority to women and to involve them directly in production activities so that the opportunities are created for additional income.
• To create employment opportunities for both males and females by involving them in income generating activities for increasing the income of the family and to continue gradual support for attaining self sufficiency.
• To provide assistance so that the poor become self dependent by accumulating and creating their own capital through savings from increased income.
• To provide assistance so that the poor can gradually decrease the dependence on the money lenders, borrowing at a high interest rate , advance sale of crops before it is produced, selling and mortgaging of lands and finally should be in a position to abandon all this kind of restrictive economic practices, which restricts him on his way to development.
• In the process BISWA will attain self sufficiency by decreasing its dependence on external grant and mobilizing resources by way of service charges from BISWA MICRO FINANCE PROGRAMME.

Strategy

• Taking a decision by the management in identifying the working area.
• Posting the State Coordinator/District Coordinator as the case may be.
• Identifying the Block area where to start the operation initially in the district.
• Posting the Area Coordinator
• Opening of the branch office at the block area by occupying suitable premises, purchasing office furniture and other necessary materials.
• Identification of suitable male/female to work as Organizers
• Promotion of Self Help Groups
• Opening of a bank account in the name of the organization at the nearest local bank
• Allocation of required fund by the Head Office for functioning of the branch
• Imparting training to the branch staff and district staff by the trainers from the Head Office
• Supervising the achievement of the targets and whether the principles BISWA Micro Finance Programme are strictly followed or not.
• To establish one branch in one block area. In case there is a necessity for opening of two branches in one block which can be considered basing on the number of groups in the block, the geographical area of the block, total loan portfolio, the District Coordinator has to submit specific proposal to that effect.
• There should be a minimum of 250 and maximum 500 groups under one branch.On Micro- Finance, Micro-Enterprise, Community Based Organization for livelihood Interventions, Health, Natural Resource Management, and Capacity Building